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[People's Bank of China: Flexibly and Efficiently Utilize Various Monetary Policy Tools such as RRR Cuts and Interest Rate Cuts] The Party Committee of the People's Bank of China held a meeting emphasizing the continued implementation of a moderately loose monetary policy and accelerating the advancement of financial supply-side structural reforms. The meeting pointed out that promoting stable economic growth and a reasonable rebound in prices should be key considerations of monetary policy. It called for the flexible and efficient use of various monetary policy tools such as reserve requirement ratio (RRR) cuts and interest rate cuts to maintain ample liquidity. At the same time, it stressed strengthening coordination with fiscal policy, guiding financial institutions to support areas such as expanding domestic demand and technological innovation, and maintaining the basic stability of the RMB exchange rate.

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